ES1! SPX500USD 2023 FEB 13
Scenario1 short yielded 200pts for 2 trades.
Test of breakout level 4084 seen.
Some demand has returned and possibility of formation
of rotation between 4175-4094.
Scenario Planning:
1) Rotational play = trade at boundary of 4175-4094 zone
Volume Analysis:
Weekly: Ave vol down bar close off low = No supply
Daily: Ave vol up bar close toward high = minor strength
H4: UHV up bar close toward high = Demand
Price reaction levels:
Short = Test and Reject | Long = Test and Accept
4175 4094-4048 3928-3788
3580 3502 3231
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Have a profitable trading week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.